First Time Home Buying Tips
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Buy A House Now or Never

The Best Time in History to Buy a House
By Dr. Steve Sjuggerud
Friday, January 28, 2011

“Right now, is the best time in history to buy a house in America.”

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What’s In Buying A House For You?

What is in buying a house for you? Our basic needs are housing, food and transportation. Notice, housing is number 1. Under housing, we have rentals, owning and other forms of providing housing such as sleeping in your car or the street. The last two have some severe obstacles.

Renting is a great alternative to buying except in our current economy environment. Once you pay your rent, the money is gone, spent! As a general rule, personal privacy falls to the wayside when renting. Your rent will probably not buy as much as your mortgage payments will.

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Circumstances Are In Your Favor

If I were looking to buy my first house, I would do it NOW!

1. House prices have decreased considerably making a purchase for a buyer a bargain. 

2. Interest rates are low, low and, if the buyer thinks the offered rate is too high, can probably negotiate for a lower rate. This is true particularly if the buyer is looking at foreclosed property and has excellent credit plus a more than ample down payment.

3. Sellers who are looking to unload their expensive properties will be willing to negotiate with the buyer so as to shorten the sellers market time. Currently, inventories are extremely high (in otherwards, existing housing sales are almost standing still).

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Is Real Estate Moving ? First Time Home Buyers Take Heed!

According to my source, real estate is not moving. My contention is that it is a buyer’s market. This post is particularly targeted at young people paying too much rent.

How much rent do you pay? I will use $700.00/month as an example. In 10 years, you will have paid out $84,000 for rent and when you walk away, you will have nothing. Wouldn’t it be nice to walk away with some money?

The housing market has so much current opportunity. By opportunity, I mean a surplus of available for purchase homes, available money and great interest rates. This is a buyer’s market!

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